Nearly half of all deals at seed-stage in first half of 201647% of insurance tech deal activity took place at the seed/angel stage in H1’16, Series A deals, which included rounds to Insurance Zebra, Shift Technology, Embroker, and League among others, took 15% of all deals in the six-month period, while mid-stage deals (Series B-C) made up a combined 16% of deals.
Interestingly, 9% of deals in the first half of 2016 went to corporate minority rounds including Allianz’s investment in product insurance startup Simplesurance and Intact Financial’s investment in per-mile insurance provider Metromile.
US continues to dominate insurance tech deal activity63% of deal activity to the insurance tech market went to US-based startups in the first half of 2016. Germany, India and the UK each took 5%+ of deal share over the period, with no other country registering more than 3% of deal share.
Within the US only, New York, and California each saw the same amount of deals in H1’16 and three times more than any other state.
Matthias de Ferrieres has more than 15 years experience in the insurance industry in Asia.